Kenya Seeks KSh 30bn in September Bond Auction
The CBK is seeking KSh 30 billion in the September auction earmarked for budgetary support from two reopened bonds, as the state moves towards a preference for longer dated papers. [...]
LIVE BLOG: 54 Collective is Hosting Its Second Live African Pre-Seed Podcast in Nairobi
54 Collective, formerly Founders Factory Africa, is hosting its second live African Pre-Seed Podcast at the Capital Club East Africa, Nairobi to unpack the topic Behind the Scenes of Capital [...]
Investor Joel Kibe Petitions CMA to Take Action Against Old Mutual Holdings
An investor is seeking action against Old Mutual Holdings (formerly UAP Holdings) over allegations of minority shareholders mistreatment among other issues raised to the Capital Markets Authority (CMA) in an [...]Equity Bank Kenya Staff Numbers Dropped to 7,763 in 2023-Sustainability Report
The number of employees working in Equity Bank (Kenya) reduced by 415 to 7,763 last year from 8,178 in 2022, according to lender’s latest sustainability report. The Group’s total number [...]Stanbic Bank Enters Asset Management with Money Market Fund
Stanbic Bank Kenya has entered asset management through its newly established Insurance and Asset Management Unit, with plans to introduce more investment products. “To drive growth, we must mobilise domestic [...]Money Market Funds Dominate as Unit Trusts' Assets Cross Ksh 250bn
The value of combined assets of all Collective Investment Schemes (CIS), such as Money Market Funds and fixed income funds, operating in Kenya has crossed the 250 billion mark for [...]Kenya Joins Asian Infrastructure Investment Bank, Eyes Funding
Kenya has formally joined the multilateral Asian Infrastructure Investment Bank (AIIB) as a fully paid member, which will see it access concessional funding for infrastructure, climate change efforts, connectivity, regional [...]KEDA Ceramics to Acquire Key Assets of Ramco Group's Ramoda Ceramics
The Competition Authority of Kenya (CAK) has approved the acquisition of certain assets of Ramoda Ceramics by KEDA (Kenya) Ceramics Company, which will see the latter's market share increase to [...]CS John Mbadi Forms Committee to Oversee Switch to Accrual Basis of Accounting
The Cabinet Secretary (CS) for National Treasury John Mbadi has appointed a Steering Committee to oversee the transition from cash basis to accrual basis of accounting. CS Mbadi has appointed [...]Former BOC Kenya Chair Kiuna Ngugi Loses Bid to Block Carbacid Deal
The Capital Markets Tribunal has dismissed Kiuna Ngugi’s a former BOC Kenya chair and minority shareholder appeal challenging the takeover of BOC Kenya by Carbacid Investments PLC and [...]What Kenyan Banks Charge on Loans-CBK
Information on the cost of loan by Central Bank of Kenya (CBK) indicates borrowers pay between 9 to 20.96 per cent on loans, depending on which lender one banks with. [...]AI Startup Chpter. Raises US$1.2mn in Pre-seed Funding
Chpter, an AI-powered conversational commerce platform, has raised US$1.2 million in their pre-seed round to expand product visibility and enhance clients' marketing capabilities. At Pani we’re always on the look [...]
